New microfinance loans in 7 countries

Por Una Vida Digna Group in Peru

One of our new entrepreneur groups: The Por Una Vida Digna Group in Peru

“Por Una Vida Digna” is a group of ten people who have been investing in some type of business since six years. Mrs. Benedicta Serrano, for example, makes and sells variously flavored yoghurts according to her customers’ wishes. She also sells various fruit nectars.
She has a lot of demand so the funds she receives will be used to buy an ice chest. She is a very active group member and, because of that, she was selected to be the group president.
As a dance teacher, Elsa Dávalos, noticed renting costumes could be a profitable enterprise so she began to make them herself and then rent them to her students. This work has given her much satisfaction.
The other group members have different lines of work to which they are dedicated with much enthusiasm and effort because one of their most important objectives is to provide their families with sustenance and good education.

We allocated a loan of US$50 to the “The Por Una Vida Digna”, as one of our 44 new loans. In this loan trench, I concentrated on:

  1. Groups of entrepreneurs, led by women, or with a majority of women; or
  2. Entrepreneurs working in agriculture by either growing a crop or raising animals; or
  3. Entrepreneurs in South America.

I allocated a total of US$1,775 in loans to entrepreneurs in Ecuador, Bolivia, Paraguay, Peru, Cambodia, Philippines and Nicaragua. This amount was the total repayment of previous loans, which I received during the month of December.

Here is the full list of the new loans:

Related Posts with Thumbnails

4 comments to New microfinance loans in 7 countries

  • Andy Morgan

    A very productive and prosperous business idea. It is really the best social work approach you are using by allocating the loans to the people who are interested in becoming self employed.

    I hope lot of people think the way you think by helping other people.

  • Interesting idea, it is good to know people are helping each other in this recession.

    I hope this project run smoothly and prosperously.

  • Online debate on India-Brazil- South Africa (IBSA) Policy Dialogue Forum
    In partnership with the Ideas for Development blog, the International Policy Centre for Inclusive Growth (IPC-IG) is launching an online debate that will contribute with inputs for the forthcoming IBSA Academic Forum, which will be hosted by IPC-IG on 12-13 April in Brasilia, Brazil.
    We invite you to participate in this discussion and reflect about the following issues:
    - What is the role of the emerging countries in shaping world politics?

    - How can India, Brazil and South Africa strengthen cooperation in key issues on the global agenda?

    - In which ways an improved policy dialogue among developing countries can contribute to the implementation of effective policies towards the achievement of inclusive growth and human development?

    Join us at:

    We also invite you to visit the IBSA Academic Forum website, where you can find interesting papers, resources and breaking news. Visit:

  • PPI

    A very interesting project, it seems that in recession there is one non profit organisation which is allocating funds to people to start their own business.

    Keep up the good work.

Leave a Reply




You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>